The Architectural Billings Index declined in May, which is bad news in general for the economy as a whole. Our business has been doing marginally better because of an uptick in residential remodeling projects--a trend that is consistent with a recovery of the housing market.
In my last post I should have been more explicit about how I think that the distinction between "public" and "private" is stupid and misleading. "Private" generally means profit-oriented, but a "Public" government is concerned with profits as well, whether they are measured in productivity gains as a the result of a relatively stable social structure or increasing life expectancy. The method of measurement cannot always be turned into dollars or some other type of numerical entity (now that there is a contradiction, ain't it?). Concepts like "better" and "worse" are inherently qualitative. A successful private company offers an easier measurement system.
But, I'm getting sidetracked and I return to my original point. There is no substantial difference between private and public. The actions of one affect many, and the actions of many effect one.
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